Process Costing: Graded Assignment Spring 2016
Name: ______________________________
WIP-1
DM are added at the		Beginning	of WIP-1
CC costs are added evenly through the process of WIP-1
Unit data:			# of Units
Beginning WIP inventory			0
Started in Production			36,000
Tranferred Out to WIP-2			22,000
Ending WIP inventory			14,000
Ending Inv Percent completion			10%
Cost data:
	Conversion Costs
DM	DL	MOH	Total Costs
$46,800	$2,000	$35,440	$84,240
DETERMINE EQUIVALENT UNITS
DETERMINE COST PER EQUIV UNIT
ASSIGNMENT OF COSTS
WIP-2
DM are added at the		End	of WIP-2
CC costs are added evenly through the process of WIP-2
Beginning WIP inventory			12,000
Transferred in
Tranferred Out to FG			20,000
Ending WIP inventory			14,000
Ending Inv Percent completion			20%
Cost data:
					Conversion Costs
			Trans In	DM	DL	MOH	Total Costs
Begining Inventory			$ 55,000	$0	$2,200	$6,200	$63,400
Transferred In and New costs			31,700	100,000	40,000	20,000	191,700
			$ 86,700	$ 100,000	$ 42,200	$ 26,200	$ 255,100
DETERMINE EQUIVALENT UNITS
DETERMINE COST PER EQUIV UNIT
ASSIGNMENT OF COSTS